Intel stock has underperformed in the last month, plummeted by 1.39%, and rose by 31.84% in the last six months. Intel Corporation (NASDAQ: INTC) stock has a positive year-to-date return of 22.94% and a negative one-year return of 1.83%. The average volume is 32.254 Million and the current volume is 27.325 Million where the current volume is below average volume.
Moreover, the market capitalization of INTC stock is $139.251 Billion and the total revenue is $63.054 Billion. Moreover, the stock’s basic EPS is -$0.22 and the price-to-sales ratio is 2.6. Intel Corporation (INTC) stock has a debt-to-equity ratio of 46.9%, as reported by Simply Wall St, a financial analysis website. This highlights that it has less debt than equity, which is the difference between its total liabilities of $81.16 Billion and total assets of $185.63 Billion. Intel stock’s debt is $49.05 Billion, while its equity is $104.47 Billion.
The Intel stock recently announced its Q2 earnings report on July 27th, 2023, The reported earnings gave a positive surprise of 443.37% from estimated earnings, and reported revenue also gave a positive surprise of 6.84% by estimated reports. Moreover, Intel stock recently announced its dividend report on August 4th, 2023, the amount payable is $0.125 and the amount payment date is September 1st,2023.
INTC Stock Price Technical Analysis in 1-D Timeframe
The price action shows that Intel Corporation. ( NASDAQ: INTC) stock price was in an uptrend from the last three months increasing by 21.17%. On June 6th, the stock took support on the demand zone around $29.70 where liquidity was present, and faced rejection after reaching $37.12, and the price pulled back.
At the time of writing, Intel stock (INTC) is trading at around $33.25 and facing resistance, and most probably Intel stock might decline more as selling pressure is high and drop back to the liquidity demand zone back to $29.70.
Therefore, if Intel fails to maintain the current level. The INTC price could continue to drag downwards and hit the nearest support levels around $29.70 and $26.88.
However, if the stock price sustains the current level and Intel price increases, then it might reach the nearest resistance levels of $35.60 and $37.12.
At the time of publishing, Intel Corporation. (NASDAQ: INTC) is trading below the 20, and 50-day exponential moving averages (EMA), which declines the Intel price (INTC) trend.
The current value of RSI is 46.55 points. The 14 SMA is below the median line at 48.05 points which indicates that Intel stock is indicating bearishness.
The MACD line at 0.2801 and signal line at 0.0647 are below the zero line and both lines have crossed each other. A bearish crossover is noticed in the MACD oscillator which expresses bearishness for the Intel stock price.
Intel Corporation (NASDAQ: INTC) highlights the bearish sentiments of the investors and traders of the stock on the daily time frame chart. At the time of publishing, the price action highlights a bearish view. The technical oscillators for Intel stock price also support a bearish trend. The RSI, EMA, and MACD highlight downward signals and indicate that a downtrend may resume in Intel stock price.
- Support levels: The nearest support levels for Intel stock price are $29.70 and $26.88.
- Resistance levels: The nearest resistance levels for the Intel stock price are $35.60 and $37.12.
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